Mithaq Capital SPC Reduces Position in Nexxen International Ltd. (NASDAQ:NEXN)

Mithaq Capital SPC lessened its position in Nexxen International Ltd. (NASDAQ:NEXN) by 61.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,680 shares of the company’s stock after selling 351,329 shares during the quarter. Nexxen International comprises about 0.7% of Mithaq Capital SPC’s investment portfolio, making the stock its 3rd biggest position. Mithaq Capital SPC owned about 0.32% of Nexxen International worth $1,750,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rice Hall James & Associates LLC acquired a new position in Nexxen International during the 3rd quarter worth about $2,449,000. Blue Trust Inc. increased its position in shares of Nexxen International by 221.7% during the third quarter. Blue Trust Inc. now owns 5,704 shares of the company’s stock worth $46,000 after acquiring an additional 3,931 shares in the last quarter. Guinness Atkinson Asset Management Inc acquired a new stake in shares of Nexxen International in the 3rd quarter valued at about $31,000. Marshall Wace LLP acquired a new stake in shares of Nexxen International in the second quarter valued at approximately $136,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Nexxen International during the 2nd quarter worth about $141,000. 54.24% of the stock is currently owned by institutional investors.

Nexxen International Stock Down 2.7 %

NEXN stock opened at $7.69 on Tuesday. Nexxen International Ltd. has a fifty-two week low of $3.37 and a fifty-two week high of $8.69. The company has a market cap of $514.15 million, a P/E ratio of -109.84 and a beta of 1.86. The stock’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $6.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.47 and a current ratio of 1.47.

Nexxen International (NASDAQ:NEXN) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $88.58 million for the quarter, compared to the consensus estimate of $85.75 million. Nexxen International had a positive return on equity of 5.92% and a negative net margin of 0.57%. During the same quarter last year, the business posted $0.03 earnings per share. On average, research analysts expect that Nexxen International Ltd. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NEXN shares. Royal Bank of Canada lifted their price objective on shares of Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Needham & Company LLC lifted their price target on shares of Nexxen International from $6.50 to $8.50 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Lake Street Capital lifted their price objective on shares of Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.10.

Nexxen International Profile

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.